TXF Americas 2020
The fun in the sun returns! Bringing all key players together for two days of networking, we explore case studies of the latest deals and examine the next hot opportunities across the region.
SoEnergy International Inc is currently negotiating contracts to develop two combined heat and power (CHP) plants in Mexico and the sources for financing of the project are open to bidding. The company also has two projects on its radar for near-term development, a 50MW wind farm and a 60MW biomass power plant, which international banks and export credit agencies, including German institutions and Bank of China Limited, have expressed willingness to finance.
With a smaller-than-expected commercial bank tranche, the $1.05 billion partially ECA-backed debt package for the Fadhili CHP project demonstrates some of the collateral damage Saudi Arabia is taking from its own low oil price policy.
On 15 January Acwa Power completed its first drawdown from its $370 million 19-year partially MIGA-covered financing for the construction of the 485MW Al Zarqa combined-cycle gas turbine (CCGT) in Jordan.
With costs down and technology improving, some argue ECA support for European offshore wind is actually distorting debt pricing in a market that could be commercially banked. If so, might that ECA support be better employed beyond Europe's borders?
Japanese life companies and smaller banks could become a key element in Japan’s effort to maintain its presence in overseas markets.
Fincantieri ended 2016 with final confirmation of the Virgin Voyages cruise ship order - a deal for a start-up backed by one of Sace's largest single cover cruise ship offerings to date.
Is the fund-backed debt package for Continental’s Buriticá gold mine project symptomatic of a growing alternative to traditional project lenders in the mid-level mining market?
Dubai is close to mandating arranging banks for a $3 billion loan to finance its Al Maktoum International Airport. But progress on the $2.5 billion debt mandate for the Dubai Metro Red Line extension has slowed - the deal has yet to be awarded despite feedback to bidders at the end of 2016.
Solar PV investment platform Azienda Solare Italiana (ASI) has closed a landmark hybrid refinancing – although an add-on to its 2014 deal the issue is still the largest project bond to date in the Italian renewables sector.
The Tangguh LNG 3 financing was the major deal in the Asian oil and gas market last year. But more significantly, it marked the return of a global sponsor to expansion mode.
HEXIM and EDC partnered for the first time to co-finance PLN's development of eight GE-supplied mobile power plants in Indonesia. TXF understands the pricing reflects the CIRR on 2 December 2016, the day the deal was signed.
Financing for the Yamal LNG project is the highest profile demonstration to date of how Russian borrowers are adapting to EU/US sanctions.
National Grid North America has tapped a SACE and EKN-backed facility to finance EPC contracts for the North Sea Link project. The transaction is the largest ever European power transmission ECA financing and could serve as a blueprint for future power deals.
In a triumph for Bangladeshi project financing, agencies and private companies have come together to secure the financing for the Sirajganj BOOT power project, which will provide much-needed FDI and ultimately power to the country’s grid.
The end of the year really shouldn't have the significance it does. In the US, the calendar year coincides with the tax year, meaning that there are some powerful incentives to close financings with material impacts on sponsors' tax positions. TXF's project finance specialist, Tom Nelthorpe, takes a look at the highlights of project finance in 2016.
Forecasts for trade since the financial crisis have been steady. Now, political anxiety and regulatory tightening casts a huge shadow of ambiguity over the trade outlook for 2017. Trump, Brexit and China have all rocked the trade plateau, making the trade finance arena next year ever more uncertain, and open for increasing speculation.